OGN Correlations

OGN Crypto  USD 0.06  0.0006  0.96%   
The current 90-days correlation between OGN and EigenLayer is 0.22 (i.e., Modest diversification). The correlation of OGN is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

OGN Correlation With Market

Very good diversification

The correlation between OGN and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OGN and DJI in the same portfolio, assuming nothing else is changed. Please note that OGN is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.
  
The ability to find closely correlated positions to OGN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OGN when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OGN - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OGN to buy it.

Moving together with OGN Crypto Coin

  0.8SOL SolanaPairCorr
  0.86SUI SuiPairCorr
  0.82LINK ChainlinkPairCorr
  0.74TON ToncoinPairCorr
  0.72HBAR Hedera HashgraphPairCorr
  0.79WLD WorldcoinPairCorr
  0.94AVAX AvalanchePairCorr
  0.8TRUMP OFFICIAL TRUMPPairCorr
  0.9ONDO OndoPairCorr
  0.94DOT PolkadotPairCorr
  0.86APT AptosPairCorr
  0.69PI Pi NetworkPairCorr
  0.9ENA EthenaPairCorr
  0.64BGB Bitget tokenPairCorr
  0.86IP StoryPairCorr
  0.7GT Gatechain TokenPairCorr
  0.86MANTLE MantlePairCorr
  0.75ARB ArbitrumPairCorr
  0.84JUP JupiterPairCorr
  0.82TAO BittensorPairCorr
  0.95NEAR NearPairCorr

Moving against OGN Crypto Coin

  0.65WBT WhiteBIT TokenPairCorr
  0.42LEO LEO TokenPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
EOSDACSTETH
MORPHOEOSDAC
MORPHOSTETH
BLZOGN
EIGENSTETH
EOSDACEIGEN
  
High negative correlations   
AESTETH
AEEOSDAC
AEMORPHO
AEEIGEN
DIASTETH
AEEM

Risk-Adjusted Indicators

There is a big difference between OGN Crypto Coin performing well and OGN Cryptocurrency doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze OGN's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in OGN without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in OGN

You need to understand the risk of getting into digital currencies such as OGN before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in OGN in four ways:

Buy OGN through an exchange

Get yourself a crypto wallet before embarking on your OGN journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase OGN. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of OGN through an exchange

You don't have to buy a full token when starting out since OGN is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade OGN through a broker

If you don't want to store your OGN Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in OGN through an exchange-traded fund (ETF)

You can also invest in OGN through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having OGN in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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